Hawthorn Bancshares (HWBK) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 was $6.8 million, up 25.9% year-over-year and 9.6% sequentially, with diluted EPS rising to $0.98.

• Efficiency ratio improved to 60.46% from 66.64% in Q1 2025, reflecting better operational efficiency.

• Return on average assets was 1.49% and return on average equity was 15.41%.

• Total assets stood at $1.86 billion as of March 31, 2026.

Financial highlights

• Net interest income was $17.1 million, up $1.8 million year-over-year.

• Net interest margin (FTE) was 4.07%, up from 3.67% in Q1 2025.

• Non-interest income increased 25.3% year-over-year to $4.4 million.

• Non-interest expense rose 3.7% year-over-year to $13.0 million.

• Efficiency ratio improved to 60.46% from 66.64% year-over-year.

Outlook and guidance

• Board approved a quarterly cash dividend of $0.21 per share, payable July 1, 2026.

• Management expects continued focus on commercial banking, mortgage lending, and wealth management.

• No material changes to risk factors or critical accounting policies since year-end.

• Forward-looking statements caution that actual results may differ due to various risk factors.